Continued Momentum in Thales' Transport Segment in 1Q With Strong Sales and Order Intake
Thales reported excellent first-quarter sales of EUR 3.4 billion, up 4.1% on a reported basis and up 7.2% organically relative to the year-ago period, as recovery of project execution at the transport segment and strong demand for military naval and aircraft systems more than offset weakness in aerospace (sales down 3.5% in the first quarter on reported basis). Organically, aerospace sales were about flat in the first quarter, a decent result given the high comparison base, as due to strong in-f...
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